The Secretary of State may commence a proceeding under section
one thousand four hundred twenty-one of this article to
administratively dissolve a corporation if:

(1) The corporation does not pay within sixty days after they
are due any fees, franchise taxes or penalties imposed by this
chapter or other law;

(2) The corporation does not notify the Secretary of State
within sixty days that its registered agent or registered office
has been changed, that its registered agent has resigned or that
its registered office has been discontinued;

(3) The corporation's period of duration stated in its
articles of incorporation expires;

(4) The professional license of one or more of the license
holders is revoked by a professional licensing board and the
license is or all the licenses are required for the continued
operation of the corporation; or

(5) The corporation is in default with the Bureau of
Employment Programs as provided in section six, article two,
chapter twenty-one-a of this code.